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Suppose the domestic supply and demand curves for skateboards in the United States are given by the following set of equations: QS = -60 +

Suppose the domestic supply and demand curves for skateboards in the United States are given by the following set of equations: QS = -60 + 3P QD = 390 2P

In the absence of trade with the rest of the world, the amount of consumer surplus in the United States skateboard market is _____ and the amount of producer surplus in the United States skateboard market is______. Show step Thanks

a.

$7,350; $11,025

b.

$11,025; $9,450

c.

$11,025, $7,350

d.

$20,474; $7,350

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